The Taiwan government may create a state Bitcoin— a fund for the de-dollarization of foreign exchange reserves.
As of the end of September 2025, Taiwan held $602,94 billion in foreign currency, with the US dollar accounting for 90% of its assets. Member of Parliament Ko Ju-Chun believes this threatens the country’s well-being due to the potential weakening of the dollar, and that the government should reduce its reliance on the US dollar to mitigate the risks.
As an alternative to the dollar, Ko proposed using BitcoinHe proposed conducting an audit to assess the value of the BTC confiscated from criminals and transfer it to a reserve fund. In 2024, Taiwanese prosecutors seized $146 million worth of Bitcoin, so given the cryptocurrency’s rise, the government could currently hold coins worth up to $290 million.
Ko Ju-Chun
Taiwan’s Premier Zhuo Rongtai has promised to submit a report on confiscated bitcoins by the end of 2025, and central bank governor Yang Ching-Lung plans to prepare a strategy report on using BTC as a reserve asset. Therefore, officials may create a state-owned bank as early as next year. Bitcoin-fund and replenish it at least with the withdrawn coins.